Bloomberg TUI AG blamed the grounding of its Boeing Co 737 Max fleet for wiping out a profit rebound as the world’s largest holiday company cut costs and expanded in cruise ships. The global idling of the Max following two fatal crashes meant TUI had to lease in less-efficient jets from third parties, according to a statement, cutting earnings by …

Bloomberg Home Depot Inc cut its revenue forecast on lumber price deflation and concern that President Donald Trump’s recently announced tariffs will hurt US consumption. Same-store sales — a key gauge of a retailer’s performance — rose 3 percent in the second quarter, trailing the average 3.2 percent projection, according to Consensus Metrix. The company now sees 4 percent growth …

Bloomberg Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports. Futures in New York advanced 0.6 percent to trade near $55 a barrel. Yemeni rebels attacked oil and gas facilities at the Shaybah field in the southeast part of the …